Lesson Plan for Senior Secondary 2 - Commerce - Insurance Ii

**Lesson Plan: Commerce for Senior Secondary 2 - Insurance II** **Class Duration:** 60 Minutes **Topic:** Insurance II **Objective:** By the end of the lesson, students should be able to: 1. Understand the different types of insurance. 2. Explain the principles of insurance. 3. Identify the significance of insurance in commerce. 4. Analyze real-life case studies involving insurance. **Materials Needed:** - Whiteboard and markers - Projector and computer - Handouts with case studies - Textbook/Reference material on Insurance - Examples of insurance policies (if available) **Lesson Structure:** 1. **Introduction (5 minutes)** - Greet the students and briefly recap the previous lesson on Insurance I. - Introduce today’s topic: Insurance II and outline the objectives of the lesson. 2. **Direct Instruction (15 minutes)** - **Types of Insurance:** - Health Insurance - Life Insurance - Auto Insurance - Homeowners/Renters Insurance - Liability Insurance - Business Insurance - **Principles of Insurance:** - Utmost Good Faith - Insurable Interest - Indemnity - Subrogation - Contribution - Proximate Cause - **Role of Insurance in Commerce:** - Risk Management - Financial Stability - Encouragement of Savings - Promotion of Commercial Enterprises 3. **Interactive Discussion (10 minutes)** - Invite students to share any experiences or knowledge they have about different types of insurance. - Discuss how insurance can affect both personal and business decisions. 4. **Case Study Analysis (20 minutes)** - Distribute handouts with real-life case studies involving insurance claims and issues. - Divide the class into small groups and assign each group a case study. - Ask each group to read their case study and answer the questions provided: - What type of insurance is involved? - Which principle(s) of insurance can be identified in this case? - How was the situation resolved? - Each group will present their findings to the class. 5. **Activity: Create Your Own Insurance Policy (5 minutes)** - Ask students to pair up and create a basic outline of an insurance policy for a hypothetical scenario of their choice (e.g., a new tech startup, a sports team, etc.). - They should identify what needs to be insured, the type of insurance, and at least one principle of insurance that applies. 6. **Conclusion and Q&A (5 minutes)** - Summarize the key points covered in the lesson. - Answer any remaining questions the students may have. - Provide a brief overview of the next topic to be covered in the upcoming class. - Assign homework: Students should research and write a short essay (1-2 pages) on how technology is impacting the insurance industry. **Assessment:** - Participation in class discussions and activities. - Contribution to the group’s case study analysis. - Creativity and understanding evidenced in the creation of their own insurance policy. **Homework:** - Brief essay on "How Technology is Impacting the Insurance Industry". This will be due in the next class. --- *Teacher's Note: Engage students by incorporating examples from recent news articles, especially those that involve young adults or new tech companies. This makes the content more relatable and exciting to them.*